Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a687452

The top 20 selling funds at Barclays Stockbrokers

by Dylan Lobo on Jun 24, 2013 at 14:16

The top 20 selling funds at Barclays Stockbrokers

Analysis from Barclays Stockbrokers shows that investors piled into Hideo Shiozumi's (pictured) Legg Mason Japan Equity fund for the second month in a row.  

Investors were drawn to the fund's high risk strategy as Japan embarked on a series of aggressive measures to reinflate its economy with the vehicle the best seller among Barclays clients for the second consecutive month in May.

However, while investors will have enjoyed some stunning gains in the first three weeks of May, the Japanese correction which started on 23 May on fears quantitative easing is coming to end in the US means those who got into the fund late are sitting on some heavy losses. These losses will have been amplified in June as the Japanese market entered bear market territory.

For those who have been long-term backers of the fund, gains have been exceptional, with the fund returning 135.7% in the three years to 21 June versus a 17.4% rise in the benchmark. However, this has come at a standard deviation of 6.69, underlining the level of risk investors are taking with this fund with only two other funds in the peer group more volatile.

Overall, Barclays saw a 200% year on year increase in the amount of money invested by clients into funds last month.

Within this 30% of the top 20 funds purchased in May were UK focused, while Asia Pacific and Global Emerging Markets accounted for 25% of the top sellers.

There was also signs that gold was regaining some lustre among investors with the BlackRock Gold & General fund back in the top 20 for only the second time this year.

Commenting on the figures, Barclays Stockbrokers' head of investor product Alastair Thaw said: 'The analysis shows client investment into funds has continued to grow in May 2013, and is an encouraging sign against the old adage “sell in May and come back on St. Leger’s day”.

'There were record highs in the Japanese markets in May also, and this was reflected in client interest in Japan-focused funds. Clients continued to seek exposure to the UK - despite on-going volatility in UK markets - as well as to take advantage of funds with a specialised investment focus.'

The top 20 sellers:

Sign in / register to view full article on one page

5 comments so far. Why not have your say?

PCIAM

Jun 24, 2013 at 15:52

Stockbrokers - don't they broke stocks?

Not anymore, it would seem.

report this

Jamezz

Jul 12, 2013 at 10:42

I think you need to learn the difference between an institutional stockbroker and a retail/private client stockbroker. The former does not, the latter does.

report this

PCIAM

Jul 15, 2013 at 09:02

Not so, my boy, not so.

report this

Jamezz

Jul 15, 2013 at 14:47

well, i used to work at an institutional broker, and our main line of business was to broke company share capital to fund managers and family offices. We were not an advisory stockbroker.

Care to advise otherwise?

report this

Anonymous 1 needed this 'off the record'

Jul 18, 2013 at 12:20

6.69 Standard Deviation... Dylan Lobo, is this correct?

report this

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Investing for income in a changing environment


With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop

More about this:

Look up the funds

  • Legg Mason Japan Equity A
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • AXA Framlington Biotech R Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Newton Asian Income GBP Inc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • First State Global Em Mkts Leaders A GBP Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Invesco Perpetual High Income Inc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Cazenove UK Smaller Companies B Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Newton Global Higher Income GBP Inc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • GAM North American Growth Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • BlackRock European Dynamic Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Liontrust Special Situations
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Cazenove UK Opportunities B Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Fundsmith Equity R Class Acc (ST ADV)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Aberdeen Asia Pacific & Japan A Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Unicorn UK Income A Inc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • First State Asia Pacific Leaders A GBP Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Baillie Gifford Japanese Smaller Companies A Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Standard Life Inv UK Equity Inc Unconstr Inst Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • BlackRock Gold & General A Inc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • First State Global Emerging Markets B GBP Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Look up the fund managers

  • Hideo Shiozumi
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Archive

On the road

Click here to find out more from the Audience Development team.



Sorry, this link is not
quite ready yet